Required information

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The Riesen Publishers $($TRP$)$ is a publisher of magazines. Its accounting policy for subscriptions follows:

Revenues

Revenues from our magazine subscription services are deferred initially

and later recognized as revenue as subscription services are provided.

Assume TRP $($a$)$ collected $$560$ million in $2021$ for magazines that will be distributed later in $2021$ and $2022,($b$)$ provided

$$274$ million of services on these subscriptions in $2021,$ and $($c$)$ provided $$286$ million of services on these subscriptions in

Required:

Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions $(a),(b),$ and $($c$).($Enter

any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.$)$